An auction bidding war broke out for a vacant office building in Newport at the latest Clive Emson Auction.
Originally a chapel, the freehold property at 42 Quay Street, Newport, fetched £252,000, which was £82,000 above the lower end of the guide price.
With off-road parking, the building of 3,500 sq ft (325 sq m) was among 174 lots catalogued across southern England by Clive Emson Auctioneers.
The firm’s November auction concluded on Thursday, with bidding live from 48 hours beforehand.
Rob Marchant, Island auctioneer and director, said:
“There were 17 bids for 42 Quay Street, of which the last one was for £252,000, which was £82,000 above the lower end of the guide price.”
Miramar Lodge, Bonchurch Shute, Ventnor, sold for £225,000. The former stable block is arranged as a 2-bedroom cottage with gardens and a double garage. Miramar Lodge was created from the former stable block for the Victorian manor house known as Miramar House.
Let at £10,200 pa, a freehold, detached 3-bedroom cottage at 116 Avenue Road, Sandown, went for £126,000, which was £26,000 above guide price following 29 bids. The plaque on the front of the historic cottage shows a build date of 1631 when King Charles I was on the throne.
A 1-bedroom, freehold detached bungalow at 2A Royal Crescent, Sandown, in a tucked-away location and with a private garden, sold for £82,000. lot 22
A freehold block of 4x 2-bedroom flats and a 1-bedroom flat at 144A High Street, Newport, guided at £320,000 – £350,000, also sold.
On a 999-year lease from September 1970, with a guide price of £95,000-plus, two-bedroom Flat 1, Salsette Court, 30 The Strand, Ryde, sold prior to auction.
Selling for £290,000, a freehold building arranged as three flats and a basement,at 12 Barfield, Ryde.
With 1 bedroom, and on the remainder of a 999-year lease from December 1846, Flat 1, 42 George Street, Ryde, sold prior. The ground-floor studio flat had a guide price of £40,000.
Postponed, the auction of a vacant, freehold 2-storey commercial unit with a gated yard at 1 College Farm Industrial Estate, College Close, Sandown, which was guided £115,000 – £125,000.
Clive Emson Auctioneers’ last online auction of 8 this year concludes 15th December, with bidding live from 48 hours beforehand. Lot entries close 23rd November, with the catalogue online 26th November.
Re-available:
- Virginia Cottage, 31 Castle Street, Newport, is £325,000. Freehold, the property has 5 bedrooms, 2 bathrooms, a self-contained annexe, gardens and a garage.
- Freehold, a detached former guest house over 3 storeys and arranged as 4 flats at 19 Carter Street, Sandown, is £220,000.
- The Estate Office, a freehold town centre retail unit at Avenue Road, Freshwater, is £49,000.
- A freehold town centre pub. The Railway, 68 St Johns Road, Ryde, is £185,000. With vacant possession, The Railway has a 2-bedroom flat and gardens.
- Freehold, a 2-bedroom mid-terrace house at 2 Cross Street, Newport, is £90,000.
- A 0.17-acre freehold site at 53 Gills Cliff Road, Ventnor, with views over the English Channel, has planning permission for a single 4-bedroom detached unit and a pair of detached units and is £82,000.
- Freehold, with vacant possession, a four-storey commercial property at 73 & 74 Union Street, Ryde, is £145,000.
- Flat 1, Stanhope Lodge, Stanhope Drive, Cowes, on the remainder of a 999-year lease from 2005, is £140,000.
- Terraced, with 2 bedrooms and let at £13,020 pa, 57 Tennyson Road, Cowes, is £125,000.
- Douglas Studios, Town Lane, Sandown, a 3-bedroom freehold house chalked for improvement, is £85,000.
- Flat 3, 3 Trinity Road, Ventnor, is £57,500 – the 1-bedroom flat has parking and is on the remainder of a 999-year lease from February 2007.
- Terraced, with 2 bedrooms, 57 Tennyson Road, Cowes, is £125,000. The freehold property is let at £13,020 pa.
